Expectations of the State

The Ministry of Finance determines expectations for the activity of Turto Bankas for a period of four years. Turto Bankas must conduct its activity in accordance with the highest standards of transparency, governance, ethics and social responsibility. Turto Bankas must follow the good practice of sustainable and balanced development, recommendations of the Organisation for Economic Cooperation and Development, and good practices.

Key objectives and expectations set for the Company for the 2025–2029 period, shaping the strategic direction of Turto bankas.

State Objectives

  • Efficient State Asset Management – rational use of administrative real estate to ensure that the State owns only the amount of property necessary for carrying out its functions.
  • High-Quality Services – continuous provision of suitable assets for institutions, creation of modern workplaces, and enhancement of customer satisfaction.
  • Financial Stability and Profitability – operations of Turto bankas must be based on responsible risk management, transparency, and long-term financial sustainability.

State Expectations

  • Asset Optimization and Modernization – consistent reduction of surplus assets, attraction of diversified financing sources, and implementation of asset modernization projects.
  • Quality Improvement – expansion of services, enhancement of customer service standards, and creation of attractive and functional workspaces.
  • Transparency and Accountability – strong anti-corruption framework, transparency in public procurement, and regular, comprehensive reporting to the public and the Ministry.
  • Profitability – Turto bankas is expected to operate profitably while ensuring a sustainable financial contribution to the state budget.
  • Risk Management – continuous monitoring of project implementation, responsible resource management, and application of the three-lines risk management model.

Operating Principles

  • Social Responsibility – respect for employees, ensuring equal opportunities, fostering an inclusive working environment, and providing assistance during national crisis situations.
  • Sustainability – application of sustainable development principles and integration of environmental, social, and economic responsibility into daily operations.
  • Good Governance – organization of operations in accordance with the highest international transparency and governance standards, with the aim of maintaining a high rating in the state-owned enterprises governance index.
  • Public Accountability – consistent reporting on operational results, financial performance, and changes in asset management.

Taking into account its assigned special obligations and functions, state expectations, current circumstances, and achieved results, Turto bankas reviews its strategy annually.